Jam City has laid off more than 100 employees, about 17% of its workforce with the number of employees available to execute its strategy.
Jam City, which employs between 150 and 200 employees, is the mobile developer behind titles like Harry Potter: Hogwarts Mystery, Disney Emoji Blitz, and most recently the Champions Ascension game. Last year, it canceled a plan to go public through a $1.5 billion SPAC.
Most of the layoffs belonged to Ludia, the Montreal-based mobile developer behind popular games like DC Heroes & Villains and Jurassic World Alive, the report said. Jam City’s San Diego office was also affected. Jam City has additional offices in Los Angeles, San Francisco, Las Vegas, Cedar Falls, Bogotá, Buenos Aires and Toronto.
A spokesperson for Jam City said in a statement: “Amid the challenging global economy and its impact on the gaming industry, Jam City has made the difficult decision to downsize. Our team size is about 17%. We’ve made a number of strategic acquisitions in recent years, and this move represents the right size for our workforce to address the redundancy associated with those transactions.
“While Jam City is still profitable, we believe that in the current operating environment, this is a necessary move to improve financial flexibility and increase operational efficiency, better positioning Jam City to long-term development. This also follows a broader refactoring we recently completed to reorganize our development teams into genre divisions that focus on subject matter expertise for optimization. efficiency. We thank those who are leaving us because they have contributed so much and are providing severance packages and severance pay to help with the transition.”
This comes less than a year after Jam City raised $350 million in financing around the same time it acquired Montreal-based studio Ludia. The airline made the difficult decision to reduce its team size by about 17%. They’ve made a number of strategic acquisitions in recent years, and this move represents the right size for the workforce to address redundancies associated with operations. there.
Jam City also has studios in Los Angeles, San Francisco, San Diego, Las Vegas, Cedar Falls and Toronto, as well as others in Bogota and Buenos Aires.